- Search Energy EXCH
- Edlich replied Oct 9, 2012
I'm having fun with this so far....! Yesterday +110, so far today, I have shorts on EU/US, EU/JP and longs on US/CH and NZ/US, presently up +150 overall. Didn't see the EU/NZ entry from last night, but is one I would have taken if I had, and is ...
The7 Trading System
- Edlich replied Oct 9, 2012
Pls see the image... can anyone tell me where did i go wrong ?? As per my understanding it was perfect signal to go LONG at highlighted pinbar ? price was above 200 ema, 800 ema and 10 ema... ? pls tell me if there is anything missing or just an ...
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
Nice one, I took this too, but bottled it when the price stalled at 125.75, to close at +110. (Driven by the old fear and greed having had a 75 pip loss on my first trade with this strategy) Had I not closed out and stuck to just trading on closed ...
The7 Trading System
- Edlich replied Oct 8, 2012
Thanks Christiansan, As most failed trades, there is often a logical reason, this one being one of Gibril's mantras "look left, look right, look left again". I was guilty of not looking far enough left.
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
AU SHort — I was about to post this as a new trade, but it's already a loser! My rationale was that PA in Daily and 4H is bearish, on 15M price had pulled back to and been rejected at Friday's close then pulled back below the 10MA. I'd ...
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
X-Man The recent question was one I was thinking about too. You've answered in in part, by confirming you don't use limit orders, but do you place entries right at the 10EMA, or wait for PA to confirm it's rejection? Thanks
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
I don't trade this on hourly, but I agree this looks like a good place for a long, it's oversold on the H1 and bouncing off some MA's, but only as a short termer. On the daily, PA is sitting below the 200EMA and unless it pulls back from the current ...
The7 Trading System
- Edlich replied Oct 8, 2012
With difficulty! Hence the numerous missed set ups. 12 inch is manageable with just one chart, but if trying to watch four or more , it's really very difficult, see below. At home I have a 22 inch, which I am thinking of upgrading to a 32 inch. ...
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
Two trades taken today, EU +15 & EJ +15 I'm trading these set up's from a 12 inch lpatop on my desk whilst having to maintain a day job, it is frustrating missing more set ups than I'm getting. There was an earlier set up on EU, and 2 on GU that I ...
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
LE1, FF calendar says it's a public holiday un US & CA today, so enjoy your nap!
Another simple system - Time-Frame 15
- Edlich replied Oct 8, 2012
Nice entry, your broker must be in a different time zone to mine. (CET time, 2hrs in front of London), Friday's candle on my platform closed at 102.54, therefore outside the EMA channel, no entry. I suspect the converse will happen at other times, ...
The7 Trading System
- Edlich replied Oct 8, 2012
G/J — Closed out my G/J trade for +110. My rationale is that whilst a clear entry using The7's entry method, it was against the longer term prevailing trend, PA was stalling at previous S/R.
The7 Trading System
- Edlich replied Oct 8, 2012
My entry was long on the 4 October daily candle, which met the rules, opening below the EMA channel and closing inside it. My SL was below the recent low, so was actually -75 pips not the -100 I'd posted earlier. I saw someone else mention GBP/JPY. ...
The7 Trading System
- Edlich replied Oct 8, 2012
Sorry my mistake, I wasn't down -100, I've just checked again and I'd set my stop at just below recent price action, so my loss was -75.
The7 Trading System
- Edlich replied Oct 5, 2012
I was in the NZ/US, took me out at -100. Frustrating given it's my first trade, but not put off. It's just a matter of timing, another contributor to this thread has been up 755 pips, because he started taking trades before me. It will even out, ...
The7 Trading System
- Edlich replied Oct 5, 2012
I was up +40 at the height of today's candle, but NFP has worked it magic and currently down 40! Sticking with the rules though and won't close early unless my stop under the entry candle is hit.
The7 Trading System
- Edlich replied Oct 5, 2012
Gibril I started this reply after being confused as to how you'd come to take this trade, but I had only looked at the 15m chart you posted. On further analysis, it seems that you took your confidence to take the trade in what was a less than ...
Another simple system - Time-Frame 15
- Edlich replied Oct 5, 2012
Thanks LE1, I've done well this week, (for me) at +100 using mainly 5m t/f, but today has proven I've not learned enough to make that switch, and should stick to 15M basic set up. With that in mind though, I'd appreciate your views on the attached. ...
Another simple system - Time-Frame 15
- Edlich replied Oct 5, 2012
Morning I just took this short. PA broke through 200MA, pulled back ( would have preferred it to come back closer to test the 200) then formed a hanging man, closing just below the RN. Is this a set up anyone lese would have taken? If not I'd ...
Another simple system - Time-Frame 15
- Edlich replied Oct 5, 2012
EUR/AUD Short — Interesting, on my broker's platform, your spinning top prior to your entry candle closed lower and on the 4H tf would have triggered an entry at circa 1.2694. As I said in previous posts though i am sticking to the daily tf ...
The7 Trading System